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In response to the news story titled ‘Sri Lanka flights to Rome and Milan’ published in the Daily FT yesterday, SriLankan Airlines clarified that it is yet to join the oneworld alliance. “SriLankan is expected to join the oneworld alliance
Nearly 50 stocks had gained by over 10% in the past month Three solid stocks gives over 23% year-to-date return against near 20% dip of the market If the general investing and savings public believes the Colombo Stock Exchange isn’t attractive, then nearly 50 stocks are likely to prove this incorrect, especially given their performance ...
By Chamitha Kuruppu The large gathering of an unknown wedding ceremony did not bother us at all. We had arrived early for the interview, so we could listen to them sing. And just like we expected the church was filled with their mesmerising voices. The choir and their breathtaking singing was no doubt the highlight ...
Whilst tracking the key moments of the London Olympics, I realised how reliant I was on the text updates that beeped on my Blackberry and then when time permits go to YouTube or the official websites to experience this key happening as it unfolds to the world. But, then I realised that my friends had ...
Industry experts urge disillusioned local investors to ‘buy when it’s down and sell when it’s up’ In a highly volatile atmosphere and with low investor confidence in the Colombo Bourse, experts earlier this week went against the negative sentiments and instead stated that now is the time to buy. These views were aired at a ...
We write to draw your attention to the news item under the heading of ‘Team sprit among MBA students at the University of Peradeniya’ with two pictures in the Daily FT on 22 June using the name an ‘Outward-Bound’ in the context of the Training Program organised
Market’s value up Rs. 23 b, ASI back again in 5,000-points level The Colombo stock market produced a confident rebound yesterday driven by high net worth investors as well as institutions picking up low valued opportunities. The market’s value rose by Rs. 23 billion, slightly lower than Friday’s gain of Rs. 26 billion. The rise ...
Nawaloka Hospitals has come forward as the official cardiac partner of ‘Arogya 2012’ International Healthcare Exhibition to be held from 17 to 19 August 2012 at the BMICH, Colombo. Nawaloka Hospitals being one of the foremost private sector hospitals in the country will display its strength in the ‘cardiac sector’ at ‘Arogya 2012’. Nawaloka Hospitals ...
The NSB/TFC deal and the General Recent events in Sri Lanka have reconfirmed that though seemingly power may be unlimited, there are in reality constraints which limit the options those in power have. As proof of this fundamental reality, the first event is the purchase by the National Savings Bank (NSB), a State-owned entity, whose ...
The Central Bank yesterday denied the Reuters report (also published in the Daily FT yesterday) which said the target of the rupee had been shifted to Rs. 132 levels from the previous Rs. 125. Despite Central Bank denial, Reuters didn’t re-file a corrected story which it usually
Columnists come and go. Hope this one stays! I’ll agree to do that; if you’d let me kick up controversy, poke fun at you and distort the life out of news and gossip that come my way. The Daily FT Ed is a nice guy; he’s already let me do that. As long as I ...
With open economic policies, the health sector in Sri Lanka has shown a significant development during the last few years. With the increasing population, which has now reached 20.8 million, there was a dire need for the country to improve her healthcare facilities and this requirement is now being fulfilled by both public and private ...
Less than a year after starting up on its own, the company prepares to replicate its Indian success in Sri LankaJubilant FoodWorks, the master franchisee of Dominos Pizza for South Asia, last year set up its own subsidiary company in Sri Lanka, moving away from the franchisee partnership which held the fort for the Group ...
For a change, there is good news from Sri Lanka Cricket with the new administration led by Upali Dharmadasa succeeding in achieving record ticket sales worth over Rs. 80 million so far for the two Test matches with the visiting England team. “The amount raised so far is a record,” Tour Organising Committee Chairman Asanga ...
The Janatha Vimukthi Peramuna (JVP) spokesman and parliamentarian Anura Kumara Dissanayaka in an interview with the Daily FT critiques the on-going sessions of the UN Human Rights Council (UNHRC), the state of bad governance, deteriorating law and order and the economic crisis in the country.
By Cheranka Mendis With a membership of 107 top entrepreneurs of the country – among which close to 200 leading organisations is managed providing employment close to 250,000 people – the Chamber of Young Lankan Entrepreneurs (COYLE) is a unique and highly valuable organisation to the country. Taking the mantle of the Chamber from K.H. ...
Hon. D.E.W. Gunasekera Chairman, Committee on Public Enterprises (COPE) Parliament of Sri Lanka Sri Jayawardenepura Kotte. Dear Chairman, Action on COPE and other reports? Reference the aforementioned, I attach the following: 1.Daily Mirror front page News Report of Saturday, 21.1.2012 headlined ‘Bribery, CID Officers to be summoned by COPE. D...
Perhaps exposing brokers and investors who campaigned heavily for relaxed credit rules for their lack of judgment, the Colombo stock market yesterday failed to close on the up, despite enjoying a big burst in early morning trading. Opening with boosted confidence following the SEC’s relaxed credit rule announcement, the bourse gained sharply by 1.8% or ...
Respected blue chip Aitken Spence pulls out of biggest FDI project – the $ 500 m Colombo South Container Terminal due to issues with funding and cost escalations Construction cost up 30% to $ 350 m; overall project cost now estimated at $ 595 m up from $ 475 m at bid proposal stage Lender ...
A recent front page news item in Daily FT referred to the collections made by botanical gardens in Sri Lanka. While the three main botanical gardens- at Peradeniya, Hakgala and Henerathgoda now attract more visitors, at least two more botanical gardens – one at Mirijjawila
All credit to Daily FT on your headline news item in of 15 Dec ‘Extra life for old directors in banks’. Your analysis was spot on and the action obviously moved to ensure continuity of Commercial Bank Chairman Amarasuriya even though many other retiring directors would now try to stay
New CEO Kapila Chandrasena upbeat on prospects for national carrier and Sri Lanka as a tourist destination post-warWhen the news of the impending change at the top in the national carrier broke, the Daily FT headlined the lead story on 6 May 2011 as ‘Turb-UL-ence,’ with a pun
Plastic crates: Universally used in agri markets In 2002, the writer had a chance of visiting a few farms in Czech Republic, some 200 kilometres away from its capital, Prague. They were all medium sized farms owned by private individuals producing such products as vegetables, fruits and honey. At the time of the writer’s visit, ...
Mere news of Presidential meeting with brokers boosts stock market Benchmark index ASI up near 4%, highest daily gain in 15 months Market’s value swellsby Rs. 79 b Second tier and speculative stocks first to rebound with retail play; blue chips gain moderately The mere news of President Mahinda Rajapaksa meeting brokers, as exclusively reported ...
No unanimity on exchange rate movement A front page headline news item in this paper on last Saturday had reported on an apparent division of opinion between the two top policy makers of the country, namely the Treasury Secretary Dr. P.B. Jayasundera and the Central Bank Governor Ajith Nivard Cabraal, on the depreciation of the ...
By Cheranka Mendis The tourism industry yesterday welcomed the reduction in the online visa processing fee from the initial US$ 50 flat rate for every country, giving into the concerns and objections of industry stakeholders. The scheme, scheduled to be in effect from January 2012, will now charge US$ 10 from travellers from South Asian ...
All of the Commonwealth will today focus on the crucial vote for the host of 2018 Commonwealth Games with Sri Lankan contingent publicly and personally upbeat about candidate city Hambantota’s chances. Sri Lanka’s spirited southern port city Hambantota and Australia’s Gold Coast need minimum 36 votes out of 71 Commonwealth Games Associations at the CGF ...
This is the seventh article in the Daily FT’s fortnightly series titled ‘Business of Sports,’ focusing on the back office of the various sports administered and played in this country. Readers are invited to share their views and express their opinion via email to editor@ft.lk
I still remember the thoughts that crossed my mind on the day that Harvard University announced the top 50 candidates for the 2011 Global Leaders in Development forum. The excitement was high, but then again the commitment to me personally in Sri Lanka made it a catch 22 decision. The decision was tougher, given that ...
Daily FT, Sri Lanka’s first and only dedicated business newspaper, has just completed a major strategy review and strategic directional planning with MTI Consulting. “Within just two years, the Daily FT has proved to be the main source of business news for Sri Lanka’s corporate